ETF money is still walking out the door and this explains a lot of the chop.
Farside data shows US spot Bitcoin ETFs lost $398.6M on Monday. IBIT alone saw $405.3M leave. That's the second big red day in a row after $643M on Oct 30.
Ether ETFs did $139.7M out, and that's six sessions straight now. TokenPost has the same numbers.
For me this is why every bounce feels heavy. $BTC is sitting near 76.9k after tagging 76.4k today and $ETH is around 2260. US midterm vote is today too so nobody big is in a rush.
When these flows flip green again that's the first real sign the selling is done. Until then I'm treating rallies with respect but not chasing them.
Farside data shows US spot Bitcoin ETFs lost $398.6M on Monday. IBIT alone saw $405.3M leave. That's the second big red day in a row after $643M on Oct 30.
Ether ETFs did $139.7M out, and that's six sessions straight now. TokenPost has the same numbers.
For me this is why every bounce feels heavy. $BTC is sitting near 76.9k after tagging 76.4k today and $ETH is around 2260. US midterm vote is today too so nobody big is in a rush.
When these flows flip green again that's the first real sign the selling is done. Until then I'm treating rallies with respect but not chasing them.
